The Musk pump set the trajectory to an implausible growth rate. BTC seems to have bounced off of 46k, and RSI and Stochastics look promising on the 4hr. However, the daily RSI/Stochastics are still high and headed south; combined with an approximate 0.618 fib retracement at $42k, that would likely result in a slower but more sustainable growth trend.
This has nothing to do with Yellen saying BTC isn't an efficient currency: everyone should know that by now. What you're seeing are shorts flowing into Bitmex shorts and F2pool dumping. The Bitcoin Core mining community and development team have no interest in anything other than profits. If Musk and other billionaires are hedging against the falling dollar in BTC, growth might continue. Just know that Bitcoin Core isn't ever going to be used as p2p digital currency.
This has nothing to do with Yellen saying BTC isn't an efficient currency: everyone should know that by now. What you're seeing are shorts flowing into Bitmex shorts and F2pool dumping. The Bitcoin Core mining community and development team have no interest in anything other than profits. If Musk and other billionaires are hedging against the falling dollar in BTC, growth might continue. Just know that Bitcoin Core isn't ever going to be used as p2p digital currency.